Aviation
Bahrain, UAE open up airspace for Qatar Airways, world aviation agency says
MONTREAL — The world aviation agency says Bahrain and the United Arab Emirates have agreed to open up some of their airspace to Qatar’s state-owned airline after it was hit with flight restrictions earlier this summer in a diplomatic dispute.
A spokesman for the Montreal-based International Civil Aviation Organization (ICAO) says the flight corridors include existing as well as new “temporary or contingency” routes for Qatar Airways.
Anthony Philbin says since June 5, ICAO has been working with various countries in the Middle East to reach an agreement on access to airspace for Qatar-registered aircraft.
More than two months ago, Bahrain, the United Arab Emirates, Egypt and Saudi Arabia cut diplomatic ties and transport links with Qatar, a move that initially stranded passengers and resulted in a drop in fares for Qatar Airways.
The four countries accused Qatar of supporting extremists.
Qatar denied the allegations and said they were politically motivated.
Last month, Qatar Transportation Minister Jassim Saif Ahmed Al-Sulaiti said the blockade has eaten into Qatar Airways’ profits in part due to costly detours around closed airspace.
Philbin said ICAO, Qatar, Bahrain and the United Arab Emirates are monitoring air traffic management measures and they may be subject to more changes in the future, if needed, by mutual agreement.
Aviation
No More Jet Airways. Supreme Court Says “No Choice”, Orders Liquidation
Jet Airways was once one of India’s leading airlines, known for its service and extensive network. Founded in 1993, it served millions of passengers, connecting cities across India and international destinations.
However, since grounding its flights in April 2019, Jet Airways has struggled to navigate financial turbulence, leading to years of efforts to revive the airline and return it to the skies.
On Thursday, the Supreme Court ordered the liquidation of Jet Airways, citing “no choice” but to take this decisive step after the resolution plan failed to meet creditor obligations. The court invoked its extraordinary powers under Article 142, which allows it to make orders for “complete justice” in any case, overriding previous tribunal rulings.
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The Jalan-Kalrock Consortium (JKC), which had won the bid to revive Jet, faced criticism for not fulfilling payment commitments to creditors, which included major banks like the State Bank of India and Punjab National Bank.
The Supreme Court’s ruling pointed to “peculiar and alarming” issues surrounding the resolution plan’s implementation, leading to its conclusion that liquidation was the only feasible outcome.
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Chief Justice DY Chandrachud, alongside Justices JB Pardiwala and Manoj Misra, emphasized that while liquidation should be a last resort, it was necessary as the resolution plan was “no longer capable of implementation.”
In line with this decision, the court ordered that the ₹200 crore already infused by JKC be forfeited and directed the National Company Law Appellate Tribunal (NCLAT) in Mumbai to appoint a liquidator to oversee the process.
JKC, a partnership between Murari Jalan, a UAE-based Indian entrepreneur, and Florian Fritsch, a Jet shareholder through Kalrock Capital Partners Limited, had taken ownership of Jet Airways two years after it was grounded. The consortium’s inability to fulfill its financial obligations has now led to this final verdict, marking the end of an era for Jet Airways in India.
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